Markets

Amber Enterprises Reports Strong Financial Performance for FY26, Revenue Crosses ₹12,000 Cr Mark Amber Enterprises India Ltd. has announced its audited financial results for the quarter and financial year ended March 31, 2026, marking a significant financial performance for the company. The results highlight robust growth across key business segments, with consolidated revenue surpassing the ₹12,000 Cr milestone for the fiscal year.According to the financial highlights, the company's performance for FY26 and Q4FY26 showed substantial year-over-year growth.Consolidated Financial HighlightsFY26Q4FY26Revenue₹12,186 Cr (22% growth over previous year)₹4,148 Cr (10% growth over same quarter of previous year)Operating EBITDA₹970 Cr...

Aditya Birla Capital Ltd Board to Meet to Consider Proposal for Fund Raising Aditya Birla Capital Limited has scheduled a meeting of its board of directors for May 20, 2026. The primary purpose of the board meeting is to consider a proposal for the company to raise funds.The proposed fund-raising is intended through the issuance of equity shares or other securities of Aditya Birla Capital Limited. The company stated that the permissible modes for the raise include, among other methods, qualified institutional placement, preferential allotment, or any combination of these methods, subject to applicable laws and necessary approvals.ABCAPITAL Stock Price Movement On Friday, Aditya Birla Capital Limited shares edged higher, settling at...

ITC Hotels Limited to Acquire Luxury Resort in Kumarakom, Kerala ITC Hotels Limited has signed definitive agreements for the acquisition of a luxury resort in Kumarakom, Kerala. The deal involves the purchase of a 100% stake in Zuri Hotels & Resorts Private Limited (ZHRPL), the entity that owns The Zuri Kumarakom, Kerala Resort & Spa. This move marks a significant expansion of the company's luxury portfolio into a key leisure destination.The acquisition is valued at an Enterprise Value of Rs. 205 crores. The transaction is based on a debt-free and cash-free principle, subject to customary adjustments outlined in the definitive agreements. The company anticipates the acquisition will be finalized within the next few days.Operational...

Suraj Limited Approves Financial Results and Appoints New Statutory Auditors Suraj Limited, a manufacturer and exporter of Stainless Steel, Alloy Steel, and Carbon Steel seamless pipes, tubes, fittings, and flanges, announced the outcome of its Board of Directors meeting held on May 7, 2026. The board considered and approved the company’s standalone and consolidated audited financial results for the quarter and year ending March 31, 2026.During the meeting, the board reviewed the standalone and consolidated audited financial results, the Statutory Auditor's report, and the Draft Director's Report for the Financial Year 2025-26.Corporate Governance Updates Key decisions approved by the Board of Directors included:Annual General...

Alembic Pharmaceuticals Reports Q4 FY26 Results: Revenue Up 4%, Net Profit Gains 29% Alembic Pharmaceuticals Limited announced its consolidated financial results for the fourth quarter and fiscal year ended March 31, 2026. The company reported robust performance, noting a 4% year-over-year increase in revenue from operations and a 29% year-over-year jump in profit after tax.For the fourth quarter alone (Q4 FY26), the company saw revenue from operations increase by 4% year-over-year, reaching Rs. 1,848 Cr. Profit After Tax stood at Rs. 203 Cr, reflecting a 29% year-over-year increase. Furthermore, EBITDA pre R&D grew by 8% year-over-year to Rs. 455 Cr, maintaining a pre-R&D EBITDA margin of 25%.Pranav Amin, Managing Director of...

Astron Paper & Board Mill Limited Commences Corporate Insolvency Resolution Process Astron Paper & Board Mill Limited has commenced the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. This development followed an application filed by an operational creditor, leading the National Company Law Tribunal (NCLT), Ahmedabad, to admit the petition and direct the start of the resolution process.The insolvency proceedings were initiated when M/s. Empire Sony PTY Limited, an Australia-based operational creditor, filed an application before the Hon'ble National Company Law Tribunal, Ahmedabad Bench. The application, bearing Company Petition (IB) No. 316 (AHM) of 2025, concerned an alleged operational...

Endurance Technologies Limited Wins Appeal, Demand Order Set Aside for FY 2020-21 Endurance Technologies Limited has successfully secured a favorable ruling in a tax dispute, following an appeal that resulted in a Demand Order being set aside. The decision comes from the Joint Commissioner (ST), Appeals, regarding a matter pertaining to the financial year 2020-21.The dispute originally stemmed from an Order passed by the Deputy Commissioner (CT), LTU-DC1, Tamil Nadu. This Demand Order involved a total demand of Rs. 98.28 lakh. The specified amount included disputed tax amount, interest, and penalty. The tax demand primarily related to Credit Notes issued to customers for sales return transactions and interest calculated on the...

Saurashtra Cement Limited Issues Compliance Report for Financial Year Ended March 31, 2026 Saurashtra Cement Limited released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms the company's adherence to various governance and compliance requirements over the review period.The review covered the company's status against multiple provisions relating to the Securities and Exchange Board of India framework.The company's compliance status across key governance areas for the financial year ended March 31, 2026, included:ParticularsCompliance statusObservations/RemarksSecretarial StandardsYesNoneAdoption and timely updation of the PoliciesYesNoneMaintenance and...

Matrimony.Com Reports Quarterly and Annual Financial Results for Period Ended March 31, 2026 Matrimony.Com Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported key figures across its operational segments, reflecting its financial standing during the period.The results encompass detailed financial data for the standalone and consolidated levels, providing stakeholders with a comprehensive view of the company’s performance.Financial Highlights for March 31, 2026 The company's financial performance metrics, presented in Rupees lakhs, show the following trends:Particulars Quarter Ended March 31, 2026 (Audited) Year Ended March 31, 2026 (Audited) Quarter Ended March...

Rane Holdings Approves Dividend, Warrants Issue, and FY 2026 Financial Results Rane Holdings Limited announced the outcomes of its Board of Directors meeting held on May 15, 2026. The board approved the audited financial results for the quarter and year ended March 31, 2026, recommended a significant dividend, and sanctioned a preferential issue of convertible warrants to the promoter group.The company also announced the dates for its upcoming Annual General Meeting (AGM) and Extra-Ordinary General Meeting (EGM), alongside key changes in its board and committee compositions.Financial Results for March 31, 2026 The board approved the audited financial results for the period ended March 31, 2026, both standalone and consolidated...

Eleganz Interiors Limited Announces Audited Financial Results and Appoints Secretarial Auditors Eleganz Interiors Limited announced the outcomes of its Board of Directors meeting held on May 14, 2026. The Board approved the Standalone and Consolidated Audited Financial Results for the half year and financial year ended March 31, 2026. Furthermore, the company finalized the appointment of M/s KDA & Associates, Practicing Company Secretaries, as the Secretarial Auditors for the Financial Year 2026-27.The approved financial results provide a comprehensive overview of the company’s performance for the two periods.Financial Performance Highlights The audited financial results for the half year and financial year ended March 31, 2026...

SEBI Imposes ₹5 Lakh Penalty on Trader for 'Non-Genuine' Illiquid Options Trades The Securities and Exchange Board of India (SEBI) has finalized an adjudication order, imposing a penalty of ₹5,00,000 on Alka Dhanuka. The penalty was levied following findings that the individual indulged in manipulative and deceptive trading practices involving illiquid stock options at the Bombay Stock Exchange (BSE).The order, dated May 15, 2026, pertains to alleged violations of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003. The case centers on transactions that created a false or misleading appearance of trading activity.Background of Illiquid Stock Options Allegations The...

Marsons Limited Gains PGCIL Vendor Approval, Becomes Sole EHV Transformer Manufacturer in Eastern India Marsons Limited, a leading transformer manufacturer with over 65 years of heritage, has achieved a significant industrial milestone by receiving vendor approval from the Power Grid Corporation of India Limited (PGCIL) for the supply of power transformers. This approval positions Marsons as the only PGCIL-approved Extra High Voltage (EHV) transformer manufacturer across Eastern India and ten neighboring states.The approval, awarded by India's apex power transmission body, underscores the company's standing as the region's premier power equipment supplier. The coverage area for this distinction includes West Bengal, Odisha, Jharkhand...

Wipro Completes Acquisition of Olam Group's Digital Services Unit, Mindsprint Wipro Limited announced the successful completion of its acquisition of Mindsprint, the IT and digital services business unit formerly part of the Olam Group. The strategic move significantly bolsters Wipro's capabilities in the global food and agri-business sector.The acquisition, which was originally announced on April 6, 2026, is part of a broader eight-year strategic transformation deal with Olam Group. Olam Group is a leading food and agri-business entity headquartered in Singapore, which reports combined revenues inclusive of discontinuing operations for FY2025 of over US$ 50 billion and employs nearly 40,000 people, with majority ownership held by...

ITC Hotels Posts Record Financial Results for Q4 and FY26 Amid Strong Market Growth ITC Hotels Limited has announced its financial results for the fourth quarter (Q4) and the full fiscal year 2025-26, showcasing robust growth in revenues and profitability despite global economic volatility. The company reported substantial increases in its operational performance, alongside outlining an accelerated strategy for its managed portfolio and sustainability commitments.The Board of Directors, at its meeting on May 15, 2026, approved the financial results and recommended a dividend of ₹ 1 per share for the financial year ended March 31, 2026.Financial Performance Highlights The financial data indicates significant year-over-year growth...

Wipro Limited Completes Acquisition of 100% Stake in Mindsprint Pte. Ltd. Wipro Limited announced the completion of its acquisition of 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries. The transaction was finalized on May 15, 2026.Wipro had previously informed stakeholders of a definitive agreement to acquire the entire shareholding in Mindsprint Pte. Ltd. and its subsidiaries.The completion of the acquisition marks the finalization of the transaction, which had initially been expected to be completed by June 30, 2026.WIPRO Stock Price Movement Today, Wipro Limited shares edged higher to close at ₹190, successfully gaining 1.06% in trading. The stock was accompanied by robust buying interest, recording a total traded...

V.S.T. Tillers Tractors Announces Financial Results and Recommends Dividend V.S.T. Tillers Tractors Limited announced key operational and financial updates following its Board of Directors meeting held on May 15, 2026. The Board approved the Audited Financial results (Standalone and Consolidated) for the quarter and year ended March 31, 2026, and recommended a final dividend of Rs. 25/- per equity share of Rs. 10/- each, pending approval at the Annual General Meeting (AGM).The Company also approved the re-appointment of Dr. Nandakumar Jairam (DIN:00321693) as an Independent Director. Dr. Jairam’s second term of appointment will run for five consecutive years, effective from June 21, 2026, and remains subject to shareholder approval...

JSW Energy Commissions ~250 MW Renewable Capacity, Aims for 30 GW Generation by 2030 JSW Energy Limited announced the successful commissioning of approximately 250 MW of renewable energy capacity since April 2026. This achievement raises the company’s total installed capacity to 13.7 GW, reinforcing its commitment to sustainable power generation in India.The commissioned renewable capacity is broken down into three components: 130 MW from Wind power, 69.4 MW from Solar power, and 50 MW from the Tidong Hydro Plant.The company noted that the commissioning of the Tidong Unit-I, following its acquisition in January 2026, occurred in a record turnaround time, highlighting strong execution capabilities and the ability to integrate...

Solar Industries Reports Record FY26 Performance Driven by Strong International and Defence Growth Solar Industries India Limited (SIIL) announced robust financial results for the fiscal year 2026, highlighting record quarterly and annual sales across its key segments. The company reported achieving its highest-ever sales and profitability levels for both Q4 FY26 and the full year FY26.According to the company, the financial performance showed substantial growth in key indicators. The company recorded its highest-ever quarterly and yearly sales at ₹3053cr and ₹9838cr, respectively. Similarly, the highest-ever EBIDTA and PAT were clocked at ₹870cr and ₹556cr in the fourth quarter, and ₹2750cr and ₹1737cr for the full year FY26...

Sukhdev Singh Appointed Non-Executive Chairman of PTC India Limited PTC India Limited announced the assumption of charge of Sh. Sukhdev Singh as Non-Executive Chairman. The appointment, effective May 15, 2026, followed the receipt of consent from the Chairmen and Managing Directors of all four promoter companies.Sh. Singh assumed the role of Non-Executive Chairman on May 15, 2026. This appointment remains effective until the completion of his existing tenure as an Independent Director, scheduled up to November 10, 2028.The company released details regarding Sh. Sukhdev Singh’s appointment and background.Detail InformationName Sh. Sukhdev SinghNew Role Non-Executive ChairmanEffective Date of Appointment May 15, 2026...